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The Nekoachemo Ltd hired five employees. Each of the four employees worked a total of 20 overtime hours. The one employee worked a total of

The Nekoachemo Ltd hired five employees. Each of the four employees worked a total of 20 overtime hours. The one employee worked a total of 25 hours. Employees work 52 weeks in a financial year of which 45 weeks arenormal working weeks. The company's normal hours in a week are48 hours per employee. The normal rate is R50 per hour per employee. The overtime rate is two and half the normal rate.

Employer's total contributions are as follows:

  • Pension fund is 9% of basic salary.
  • UIF is 1% of gross salary.
  • Annual total Medical aid (for all employees) is R42 743,75

QUESTION

  1. Calculatetotal labour costs.

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